Very Large Electrical Contractor For Sale

Business description

Very large 30 plus year old electrical contractor has built a sterling reputation for the quality and affordability of its work. Company does heavy commercial/industrial work and some residential, both new construction and maintenance. Company has a large number of contracts with local government entities to provide electrical services on an ongoing basis.
Company has 6 trucks which go with the sale. Trucks are dispatched each with a team of 2 electricians to perform work. Seller owns the real estate of the company headquarters. Seller will lease for a very affordable rate of $1000 / month. Under the right scenario for the right buyer of the company seller will consider selling real estate for fair market value.
After 30 years seller is ready to cut back, divest ownership of business, and semi-retire. Seller is willing to stay on in a management position with the company for an extended period if new owner so desires. Seller will assist in a transition / training period in which seller will make introductions of new owner to major customers.
Business is located in a charming, pleasant city that is a great place to live and raise a family. A city that has all the old southern charm. It has lots of affordable housing, good schools, and an abundance of outdoor recreational activities including some of the best hunting and fishing to be found. City is just a very few miles and few minute drive to a major city and an hour or less drive to two very large metropolitan cities with all the amenities.
Seller is motivated to sell and is open to offers to which seller will seriously consider and promptly respond. Seller is very reasonable in his expectations of the value of the business. Seller is open to some seller financing for a qualified buyer with a reasonable down payment. Come see this exceptionally good business and meet the owner. We promise that you will be so impressed you will want to make an offer.

Property information

Real Estate:

Real Property Included

Premises details:

$N/A

Business Operation

Reasons for selling:

Semi-Retirement

Trading hours:

Days: Mon - Fri, Hours: 24 hours

Employees:

Full Time: 15

Years established:

33

Other information

Financing available:

Downpayment Required: $0
Monthly Payroll: $51,069

Inventory / Stock value:

$5,000 (included in the asking price)